North Carolina Horse Council
- Assets
- $358.7k
- Revenue
- $353.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 02/1980
- Data as of
- 12/2022
- EIN
- 56-1248972
Organization Overview
North Carolina Horse Council is located in Raleigh, NC. The organization was established in 1980. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, North Carolina Horse Council employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Horse Council is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, North Carolina Horse Council generated $353.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $471.0k during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, North Carolina Horse Council has awarded 33 individual grants totaling $549,802. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT AND PROMOTE ALL ASPECTS OF THE HORSE INDUSTRY IN NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL PROMOTION AND SAFEGUARDING OF HORSE INDUSTRY IN NC.
GENERAL PROMOTION AND SAFEGUARDING OF HORSE INDUSTRY IN NC.
THE COUNCIL WORKED ON ISSUES SURROUNDING AGRICULTURAL USE TAX AND GRAZING FEES, ABANDONMENT OF LIVESTOCK AND REMEDIES FOR BREEDING AND BOARDING FACILITIES AS WELL AS ASSISTING EQUINE THERAPEUTIC RIDING FACILITIES WITH BUILDING CODE ISSUES. THE COUNCIL PARTICIPATED IN MULTIPLIE EQUINE EVENTS AND PROGRAMS THROUGHOUT THE STATE.
THE COUNCIL WORKED ON ISSUES SURROUNDING AGRICULTURAL USE TAX AND GRAZING FEES, ABANDONMENT OF LIVESTOCK AND REMEDIES FOR BREEDING AND BOARDING FACILITIES AS WELL AS ASSISTING EQUINE THERAPEUTIC RIDING FACILITIES WITH BUILDING CODE ISSUES. THE COUNCIL PARTICIPATED IN MULTIPLIE EQUINE EVENTS AND PROGRAMS THROUGHOUT THE STATE.
RESEARCH AND EDUCATION FUNDING TO BENEFIT HORSE INDUSTRY AND HORSE OWNERS IN NC.
RESEARCH AND EDUCATION FUNDING TO BENEFIT HORSE INDUSTRY AND HORSE OWNERS IN NC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Gray Executive Di | Officer | 40 | $82,387 |
Tom Thomas President | OfficerTrustee | 2 | $0 |
Robert Sanford Vice Preside | OfficerTrustee | 1 | $0 |
Jim Thomas Treasurer | OfficerTrustee | 1 | $0 |
Sammy Jenkins Past Preside | Trustee | 1 | $0 |
Mary Myers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,648 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $336,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,410 |
| Total Program Service Revenue | $0 |
| Investment income | $376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,889 |
| Grants and other assistance to domestic individuals. | $18,330 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,753 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,162 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,648 |
| Payroll taxes | $11,176 |
| Fees for services: Management | $12,100 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,926 |
| Fees for services: Lobbying | $60,252 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,359 |
| Advertising and promotion | $0 |
| Office expenses | $5,229 |
| Information technology | $2,724 |
| Royalties | $0 |
| Occupancy | $19,845 |
| Travel | $1,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,487 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $784 |
| Insurance | $9,183 |
| All other expenses | $0 |
| Total functional expenses | $471,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,991 |
| Savings and temporary cash investments | $203,474 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,092 |
| Prepaid expenses and deferred charges | $1,848 |
| Net Land, buildings, and equipment | $2,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,610 |
| Total assets | $358,731 |
| Accounts payable and accrued expenses | $1,077 |
| Grants payable | $0 |
| Deferred revenue | $32,303 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,847 |
| Total liabilities | $69,227 |
| Net assets without donor restrictions | $287,109 |
| Net assets with donor restrictions | $2,395 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $358,731 |
Grants Awarded
Over the last fiscal year, North Carolina Horse Council has awarded $264,510 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE HORSEMAN'S ASSOCIATION PURPOSE: TRAIL GRANT | $15,000 |
VICTORY FARM PURPOSE: DEVELOPMENT GRANT | $11,744 |
NORTH CAROLINA STATE UNIVERSITY PURPOSE: HEALTH GRANT | $55,198 |
BORDER BELT HORSEMAN'S ASSOCIATION PURPOSE: DEVELOPMENT GRANT | $8,000 |
JORDAN LAKE TRAILS CONS ASSOC PURPOSE: TRAIL GRANT | $25,000 |
FREE REIN CENTER PURPOSE: EQUINE AAT GRANT | $9,613 |